Clean Harbors (NYSE:CLH) PT Raised to $270.00

Clean Harbors (NYSE:CLH) had its target price lifted by research analysts at Oppenheimer from $252.00 to $270.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has an “outperform” rating on the business services provider’s stock. Oppenheimer’s target price would suggest a potential upside of 4.64% from the company’s previous close.

Several other brokerages also recently weighed in on CLH. Robert W. Baird increased their price target on Clean Harbors from $242.00 to $268.00 and gave the stock an “outperform” rating in a research report on Thursday, August 1st. Truist Financial boosted their price target on Clean Harbors from $240.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, July 11th. StockNews.com raised shares of Clean Harbors from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, October 16th. The Goldman Sachs Group boosted their target price on shares of Clean Harbors from $223.00 to $256.00 and gave the company a “neutral” rating in a research note on Thursday, August 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $275.00 price target (up previously from $240.00) on shares of Clean Harbors in a research report on Thursday, August 1st. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $250.89.

Clean Harbors Stock Performance

Shares of CLH stock opened at $258.02 on Monday. The company has a debt-to-equity ratio of 1.14, a current ratio of 2.10 and a quick ratio of 1.76. Clean Harbors has a 1 year low of $132.92 and a 1 year high of $261.81. The firm has a market capitalization of $13.92 billion, a price-to-earnings ratio of 37.34 and a beta of 1.20. The business has a fifty day moving average of $244.63 and a 200 day moving average of $226.53.

Clean Harbors (NYSE:CLH) last posted its quarterly earnings results on Wednesday, July 31st. The business services provider reported $2.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.25. The company had revenue of $1.55 billion during the quarter, compared to analyst estimates of $1.53 billion. Clean Harbors had a net margin of 6.97% and a return on equity of 17.12%. Clean Harbors’s revenue for the quarter was up 10.9% compared to the same quarter last year. During the same period last year, the firm posted $2.13 EPS. As a group, research analysts expect that Clean Harbors will post 7.65 earnings per share for the current year.

Insider Activity

In other news, Director Lauren States sold 309 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now owns 13,458 shares in the company, valued at $3,284,963.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Lauren States sold 309 shares of the firm’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $244.09, for a total value of $75,423.81. Following the transaction, the director now directly owns 13,458 shares of the company’s stock, valued at approximately $3,284,963.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Michael Louis Battles sold 10,000 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $245.74, for a total transaction of $2,457,400.00. Following the transaction, the chief executive officer now owns 77,136 shares in the company, valued at $18,955,400.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,617 shares of company stock worth $2,613,132 over the last 90 days. 5.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Clean Harbors

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Innealta Capital LLC acquired a new position in Clean Harbors during the second quarter worth $25,000. GAMMA Investing LLC raised its holdings in shares of Clean Harbors by 47.9% during the 1st quarter. GAMMA Investing LLC now owns 173 shares of the business services provider’s stock worth $35,000 after acquiring an additional 56 shares during the period. UMB Bank n.a. boosted its position in shares of Clean Harbors by 63.4% during the 3rd quarter. UMB Bank n.a. now owns 214 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 83 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of Clean Harbors in the second quarter valued at about $56,000. Finally, CENTRAL TRUST Co increased its position in Clean Harbors by 161.6% during the third quarter. CENTRAL TRUST Co now owns 259 shares of the business services provider’s stock worth $63,000 after purchasing an additional 160 shares during the last quarter. Institutional investors and hedge funds own 90.43% of the company’s stock.

About Clean Harbors

Clean Harbors, Inc provides environmental and industrial services in the United States and internationally. The company operates through two segments, Environmental Services and Safety-Kleen Sustainability Solutions. The Environmental Services segment collects, transports, treats, and disposes hazardous and non-hazardous waste, such as resource recovery, physical treatment, fuel blending, incineration, landfill disposal, wastewater treatment, lab chemicals disposal, and explosives management services; and offers CleanPack services, including collection, identification, categorization, specialized packaging, transportation, and disposal of laboratory chemicals and household hazardous waste.